Am I the only one here who actually read and could understand the white paper here?

>make a new rust clone for proper linear logic
>still unsafe and without the proper guarantees like an F* would provide
wwwwwwww

stop touching my bulge

They will push to outlaw cash by 2030

The worst part is that far left SJW will do a complete 180° when it comes to capitalism and support this because it encourages "healthy conversations" and they can de-platform whoever disagrees with them

So wheres the tl;dr?

t seething bitcoin cuck

>people are already on the edge with facebook right now
Intel is pushing hardware with surveillance embedded within for more than 10 years. And people just don't give a fuck, you're being naive to think that the general population won't accept this new form of surveillance/control.

Do you have any idea how fiat currencies work? Fucking retard.

Not about security numbnuts, but as a "ah wow I feel so FREE" normie bullshit.

No. I already said I'm a brainlet.

>If you could understand it, you might as well give those who couldn't a tl;dr.
>So wheres the tl;dr?
onezero.medium.com/thoughts-on-libra-blockchain-49b8f6c26372

so can i mine it?

>privately issued fiat currency
>transactions run on private network just like mastercard or visa
>the blockchain serves as unalterable long term backup of transactions, there is no mining
Saying it is a cryptocurrency is just a marketing scheme. There is nothing inherently crypto about it, in fact it could work with no blockchain at all.

en.wikipedia.org/wiki/Libra_(cryptocurrency)

>so can i mine it?
No

It's not a chain and has no blocks

Lol

It's just an append only mergle tree
Too bad Jow Forums only understands Nvidia cards for gaming rigs and fizzbuzz code

>thread gets technical
>Noone can follow
Classic Jow Forums

Based leaf banker. Btfo those amerimutts and their buttcoin scams.

>what are timezones

No need to read a white paper to see this is really awful

Its early as fuck you cunt

>New programming language called "Move*.
>Used only for transactions.

Excuse me but what the fuck? Talk about unnecessary.

also
> "... A new global currency which will be fully backed with a basket of bank deposits and treasuries from high-quality central banks."
> high-quality central banks.
top fucking kek. Imagine this system implemented in their beloved 40yo Cobol software.

>in app currency, but with the words crypto slapped on it.

So what is actually the big deal?

Americans are fucked whether this happens or not

>" Enable a simple global currency".
there is the big deal.

>>in app currency, but with the words crypto slapped on it.
>So what is actually the big deal?

New world order
A single coin worldwide
No cash
No privacy
They can freeze your account based on your online posts
No cash means you're SOL

How is that different from any other meme in-app or in-game currency then? All this is is just faceberg trying slap buzzwords onto a new service.

>The worst part is that far left SJW will do a complete 180° when it comes to capitalism and support this because it encourages "healthy conversations"

nigger i realize that you hate esjaydubyas and want to stick it to em, but nobody on the actual left will support a global currency controlled by megacorps

Corporate jews can actually force population into using it.

they're supporting every other nefarious quasi-governmental action by massive corporations

>How is that different from any other meme in-app or in-game currency then? All this is is just faceberg trying slap buzzwords onto a new service.
Negro look at OP list of partners

Every major Jew company is on this including visa and MasterCard and Facebook has 2 billion users, plus WhatsApp and Instagram

i think you're confusing leftists with neo-liberal faggots concerned with identity politics

the left were transformed into neoliberals beginning in the later weeks of occupy wall street and then through the next 5 years of saturation identity politics and corporate PR

they will support every bit of corporate bullshit as long as it harms you. they hate you.

stop considering only USA

left, liberism, liberalism, etc. still have meaning in the first world (aka Europe)

that makes as much sense as saying fascists and neo-nazis were transformed into neocons and moderate republicans because trump became president

hardline leftists/rightists don't just abandon their ideals and become politically moderate because of the message in mainstream media

neoliberals are on the left

on social issues, maybe. on economical issues (which a global currency definitely is), they're supporters of free market capitalism.

i'm english

never said they became politically moderate

> TFW you realize your cpu is spying on you
> TFW you realize its a special part of the cpu
> TFW you realize what TEEs are
> TFW you realize TEEs = Intel SGX
> TFW you realize Intel SGX = Town Crier
> TFW you realize the TC logo symbolism
> TFW ChainLink bought Town Crier

Attached: FINTECH 06.jpg (4032x3024, 1M)

there are thousands of pundits who spout white-bashing and celebrate corporate malfeasence as long as it hurts "racists", and then give the usual lip service to socialism. all these luxury communism/late stage capitalism people are exactly the same.

Lol, we're on the same path as the USA.
You must be deluded to think otherwise.

No true scotsman.
Many do abandon their 'ideals' when it comes to such things.

>the actual currency is backed by what is most likely facebook stock (or jew gold, they didn't give specifics.)
I read an article which said it was backed by a pool of currencies. So basically they will have an account somewhere with dollars, euros, chink money etc and that's how they will control the rate of inflation by either selling or buying more currency as their price fluctuates.
I don't know if users would ever be able to cash out though because that would be a bureaucratic nightmare and they would need to go through the whole know o-your-customer process similar to what paypal does when you open a business account with them.

The [Libra coin] reserve is the key mechanism for achieving value preservation. Through the reserve, each coin is fully backed with a set of stable and liquid assets. The Libra coin contract allows the association to mint new coins when demand increases and destroy them when the demand contracts. The association does not set a monetary policy. It can only mint and burn coins in response to demand from authorized resellers. Users do not need to worry about the association introducing inflation into the system or debasing the currency: For new coins to be minted, there must be a commensurate fiat deposit in the reserve.

Attached: goodgoy2.gif (501x504, 11K)

>there are thousands of pundits who spout white-bashing and celebrate corporate malfeasence as long as it hurts "racists", and then give the usual lip service to socialism
sure, but these people are simply hypocrites. those happen on both sides of the political spectrum.

>No true scotsman.
not really, it's just a matter of applying the definitions correctly. the problem begins when people start throwing around poorly defined, umbrella terms like "SJW leftist", which equal communists/anarchists/socialists with neo-liberals who happen to be into identity politics.

>we’re talking about events that are external to the network. As stated earlier in the white paper, the network is not able to execute scripts that use inputs of data that are external to the network’s state. Thus the modifiers “can” and “must” in the above snippet are surely referring to Libra Association policies or contractual obligations of which the network is unaware.

why do k*kes have to appropriate everything and turn it into literal shit?

Is AML/KYC required?

Apparently it’s not required at the protocol level, but the Calibra wallet states that all users will be verified via government-issued ID. It also sounds like the Calibra wallet will be the only available wallet for a while at least, so it’s unclear if developers and users can run apps on the Libra network that don’t abide by the same standards as Calibra.

Attached: goodgoy.png (600x600, 181K)

>The system is designed to have low fees during normal operation, when sufficient capacity is available.

This is really vague and raises many questions: What are low fees? What is normal operation? What is sufficient capacity?

>How does governance work?

We can see here that the Libra Association is a council of members and a 2/3 supermajority is required to make changes. They are the only ones allowed to mint or destroy Libra coins, but they can presumably make any change they want if there is sufficient agreement.

“Libra is an attack on my financial privacy!”

*opens bank account”

“They are going to see what I spend my money on”

*signs up for credit card*

“They are going to create a social credit system for the US!”

*checks credit score*

“Social media companies are digusting”

*tweet*

>yeah uh, we'll need to exceptionally print a few billion Libra to uh, maintain the value of the Libra uh, it's quantitative easing, you wouldn't understand, uh, but we're giving it to the good guys like jpmorgan chase, mastercard and wells fargo so uh, you'll benefit from it, uh, your finances are in good hands

"it will trickle down"

*misses the point of cryptocurrencies and decentralized technologies*

>decentralized technologies*
not libra

I still don't see the distinction.

>I still don't see the distinction.
because you think the whole world uses dollars

Introducing Libra Stories.

Libra Stories allow you to share photos and videos of you spending your Libra on coffee, movie tickets, lobbying fees, data analytic firms, dinner, with your friends that will be available for 24 hours.

Attached: D9cBilLWsAAMz_f.jpg (572x1024, 53K)

Those libertarians are dumb. A real one would be against this shit as well.

Just a move as part of a number of coups around the World, including the US of A, nothing to worry about.

>libertarians are dumb
Could have left it at that.

>not libra
yeah no shit.

>we want a global coin
>but wait, WE (facebook) have to control it

>a real one would be against this shit as well
no, they wouldnt. libertarians are fine with anyone jewing the shit out of them and putting them in de facto slavery as long as it isnt the government

nothing to see here

Attached: D9X3lhJX4AApfJu.jpg (1100x1100, 67K)

Attached: D9X3m6MXkAAiF7I.jpg (260x275, 21K)

just coincidence

Attached: D9X3mPKWsAA6Tuz.jpg (339x500, 26K)

When can I buy. Didn't read the white paper because they racist af

>because they racist af
how so? please elaborate.

Cuz they white n hard 2 read n shit. u tryna buy a worn once bape belt? $240 drop off fo free

go back 2 skool nigga

What is the snake supposed to represent?

read a bible

it's the first goddamn chapter

What I specifically mean is the snake coiled around the tree in this fashion.
If I were to believe they got inspired by the coin depicted here it seems that it is older than the bible.

What is the snake supposed to represent?

the bible is a recollection of even older myths

>The Jew defends his scheme

Someone need to blow up facebook hq
I mean this seriously
I am 100% advocating straight up terrorism and the death of Facebook employees

A serpent

>Someone need to blow up facebook hq
they have several datacenters, with redundancy

you need a worldwide coordinated plan to strike at the same hour

>you need a worldwide coordinated plan to strike at the same hour
Challenge accepted

thats not how snake work.
this is how you correctly snake.

noted.

t. every 3 letter agency in the world.

Bump

Temptation.

Bump

Absolute boomer take

>Is AML/KYC required?
no Facebook already has all your data
> It also sounds like the Calibra wallet will be the only available wallet
ah yes the ecosystem is rich /ironic

>no Facebook already has all your data
they never asked me a govt ID scan

yes I know they know everything, but formally it will start to be required

I don't need to read a 16 page PDF to know it's a nightmare because I'm not retarded.

Those damn SJWs really are living rent free in your mind there lad

where's the other thread from yesterday about libra bans for racist